INSURANCE CASE.
(Fob Prosi Association.) Gore, last night. A cose of considerable internet to life insurance policy-holders was decided at Clinton yesterday, when Mr Cruickshanks, S.M., granted the re-hosring of a case, Irving v. tho Colonial Mutual Life Company, and gave judgment for plaintiff for £25 4s. Irving had modified the tontine policy, which expired during his absenoe in England. Before leaving the colony ho notified tbo company of his intention to surrender a. maturity, but returned more than thirty days after the polioy matured, an! requested payment, but the company would ooly pay tbo surrender value of tbo whole life policy, as he had not exercised his option to accept the value of the tontine within thirty days. Irving claimed tbo difference botwem the amount received and the value of the tontine on expiry of the tontine period, on the ground that ho accepted the lesser amount tendered under a mistake as to faot. The Magistrate decided in favor of the plaintiff.
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Gisborne Times, Volume XXII, Issue 1751, 17 May 1906, Page 2
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163INSURANCE CASE. Gisborne Times, Volume XXII, Issue 1751, 17 May 1906, Page 2
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